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Former Argos and Homebase boss Terry Duddy joins Retail Trust

Retail Trust has appointed former Home Retail Group chief executive Terry Duddy as its new chairman, effective from September 8.

Duddy, who stepped down from his role at the Homebase and Argos parent company after 15 years this spring, was one of retail’s longest-serving chief executives.

At Retail Trust he will lead a board that will include recent appointees Nigel Duxbury of AS Watson, owner of Superdrug, and Michael Green of the British Council of Shopping Centres.

Lindsay Page of Ted Baker is set to join in the coming month and other appointments will follow in due course, the charity said.

Duddy replaces John Lovering, who is retiring from the board but will retain a role as head of Retail Trust’s Ambassador Group.

Duddy said: “During John’s stewardship the charity has undergone significant change and the future is about evolving further our products and services to support the 4.5 million people who work in retail and the supporting services and related industries.”

Retail Trust said its gross fundraising revenue has grown 18% in 2014, allowing it to grow its grants and services by more than 20% year on year.

It has also invested in the development of its educational programmes including Retail Right, a scheme for young disadvantaged people looking to work in the retail sector. More than 27% of the trainees were given jobs on completion of the programme.

The charity revealed that its credit union, Retail Cure, which will launch in 2015, has now received more than £1m of investment pledges from the corporate retail sector.

Lovering said: “We have focused our work, increased our relevance to the trade, improved fundraising, built a new board and governance structure and appointed an outstanding executive team. I am really proud of today’s Retail Trust and I know Terry, Richard (Boland, chief executive) and the energetic new board will build on these foundations and take us forward strongly.”  

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